Daniella Turenshine - Oct 6, 2023 Form 4 Insider Report for FIGS, Inc. (FIGS)

Role: Chief Financial Officer
Signature: /s/ Danielle Warner as Attorney-in-Fact for Daniella Turenshine
Stock symbol: FIGS
Transactions as of: Oct 6, 2023
Transactions value $: $7,206
Form type: 4
Date filed: 10/11/2023, 06:19 PM
Previous filing: Oct 3, 2023
Next filing: Nov 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FIGS	Class A Common Stock	Sale	-$25.3K	-4.2K	-1.01%	$6.02	410K	Oct 6, 2023	Direct	F1, F2
transaction	FIGS	Class A Common Stock	Options Exercise	$9.64K	+21K	+5.12%	$0.46^*	431K	Oct 11, 2023	Direct
transaction	FIGS	Class A Common Stock	Options Exercise	$22.8K	+28.1K	+6.52%	$0.81^*	460K	Oct 11, 2023	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FIGS	Stock Option (Right to Buy)	Options Exercise	$0	-21K	-36.13%	$0.00	37.1K	Oct 11, 2023	Class A Common Stock	21K	$0.46	Direct	F4
transaction	FIGS	Stock Option (Right to Buy)	Options Exercise	$0	-28.1K	-73.16%	$0.00	10.3K	Oct 11, 2023	Class A Common Stock	28.1K	$0.81	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported sale occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 3/16/2023.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.01 to $6.05 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	All but 140,490 of these securities are Restricted Stock Units, each representing a contingent right to receive one share of the Issuer's Class A Common Stock. In addition to the securities reported in this column, the Reporting Person beneficially owns 570,737 shares of the Issuer's Class A Common Stock underlying vested options (inclusive of those reported in column 9 of Table II).
F4	All shares underlying this option have vested.
F5	This option vests and becomes exercisable in 48 equal monthly installments, with the first installment vesting on September 26, 2020. 34,683 shares underlying the option have vested.